Topic: Trading not for everyone! - page 10. (Read 3308 times)

Correct! even experienced trader also fall into unexpected losses, not an easy passageway to make money.

Unlike with those misinterpretations of some newbies, thinking that trading is some sort of gambling type of business, just buy and wait for
it to pump, and nothing else.

It isn't as easy as that. There are many factors that you need to learn about how the market works and how the business will give you
the best chance of making money.

A never-ending cycle that you needed to keep positioning against other traders who got that same goal of making money.

Are you discouraging newbies from trading? Any newbie that's interested in trading can do that, but all I will say is that trading is not really easy, and if you are not ready to learn, then trading is not for you. Trading requires constant learning and practice. When trading, you don't expect a reward instantly, you will be losing money as a beginner, which I'm sure is what some people are scared of. You can't start trading and you think you won't be losing, but if you are focused and you don't give up, you will end up getting a strategy that will work for you. I know holding is kind of easy compared to trading, but for anyone who's interested in trading, I don't discourage them, I will just tell them everything they need to know.

People are making money from trading, just that you won't start trading and you will be expecting money instantly, it's a gradual process. Some newbies are always disappointed when they start trading because most of them have the wrong orientation about trading; they are not being told that they can lose money when trading, and when they start trading and they start losing money, they are always disappointed. Most newbies see trading as a get-rich-quick scheme. Most newbies are always looking for trading signals, they don't even care to learn how to do analysis by themselves, they are just looking for easy money.

Every trader does lose money, even if you are a professional trader, but as a trader, just make sure your profit is more than your loss. If your loss is more than your profit, then you have to check the strategy that you are using, work on it, or do more research to change your strategy. If you have a perfect strategy, then your profit will definitely be greater than your loss.

Well said! Trading is not something that you can just hop on because you wanted to generate income and people tells you so. If you don't understand the risks that comes with it, then you shouldn't probably go into it. Trading requires a lot of time and energy, and without having essential knowledge and skills, you will not survive the market.
Even the most expert traders are still experiencing losses, what more for those people who are just beginners and doesn't have much experience with it. In trading, its either you'll earn or lose a lot of money, but one thing is for sure, you will gain experiences and lesson in which you can use as a support to succeed in trading.  So, if you are a beginner, you should consider doing researches about this matter and build experience because this could help you in the long run. And remember that there is no point in rushing, as what I have said, learning trading takes time.

even then there's high chance that after gaining experience the trader still haven't gotten any clue about how the market works for real.
i've seen many veteran trader giving up because they just don't understand how the market trend works.
its not like you've experienced this one and you can hone your skill into knowing the condition of the market and always know how to determine what the market gonna be going in the future.
its all honestly random events occurring towards many of these coins and token thats we supposed to trade, the essence of trading is getting profit through margin, but if we don't have a clue about how the coin would turns out in the future, how can we so sure we'd profit off the margin.

You can save extra money on trading accounts with a trading coupon codes plus other trading bonuses

if everyone thinks that trading is not suitable for everyone then we will not see anyone losing or winning when trading, there is nothing wrong with trying to become a trader but the thing you have to throw away is the thought that you cannot lose when trading, However, you have to make a good strategy for starting it.
It is highly recommended for beginners to really prepare everything well (skill, mental and capital) without these three, you are just gambling or fantasizing about making a profit in trading.

Trading requires certain skills, and it is not meant for everyone. Many people had traded in the past but failed because they did not have the required technical and analytical skills to succeed. Trading is time-consuming as well as mentally tiring. Sometimes, even if you have the skills, you will still not be able to make a profit because the crypto market trends can never be predicted. At the moment, most of the people are just holding their investments. If a person is not good at controlling emotions, he should not opt for trading.

Absolutely candid an advise, I must say.

One of the fugazi often shared is that people are more profitable  or the desire of profit to be made is only via trading. The reality of this thought is non-existing.

Investors that DCA are also profitable and other ways of making money or profiting in this space exists beyond just trading.
But if you so consider to be a trader, you must acquire the required information that arms you for what the trading space presents you with.

Trading isn't for everyone but if you are coming in with the notion of becoming one, ensure to learn and do your due diligence so as not to come and 'fill the cup of other people'.

It is the alternative but IMHO, the better choice. You can be good at trading but don't have a lot of patience if it's holding.
The holders have significant experience on how it should be when we're about to sell or not yet. There are certain period of times to accumulate, hold and then sell.

Yup, if you're a holder and that works for you, stick to it. If you're a profitable trader, stick to it as well.

it seems like it's not just one way. You mentioned quite a lot of things that need to be done.

trading is not something simple that beginners can do easily. assessing whether they are able to trade well or not will require a lot of processing. traders need to try some trades even with all the knowledge they have. and from there the trader will gain experience. so they can see whether they actually have pretty good skills or not in trading.

Trading is not easy, especially for newbies who do not have enough knowledge before jumping into trading. However, they can become successful if they follow good trading principles and rules develop trading strategies and stick to their trading plans.

Do not mistake a person's knowledge for a person's wisdom and mindset.

If we are just talking about knowledge, it's just about a certain strategy, their methodology how they accumulate wealth, and how they maintain it. To be exact, there's no one way to do a job. There's no right or wrong answer.

But, if we were talking about the right mindset. There is only one way to be successful. That is carrying the necessary discipline, patience, work ethic, and professionalism. By seeing a person's table or room, you can already judge how well can they be successful. For me, only the person themselves can judge whether they deserve to be in crypto trading or not. Because we are the only person who is responsible of our own journey.

Correct knowledge is really associated with success, but if the knowledge that is known is wrong, it will not push us to success either. Apart from that, of course, there are many things to consider because the right and proper knowledge are also ingredients that we must also know what they are.

The question is: what are the ingredients that are needed for the right knowledge? One of them, of course, is that you are determined, patient, you must have wise decisions, dedication, self-control, and above all, you must have what is called passion in what you do so that you can achieve the profit that you want to happen in the trading activity.

Because if you don't have the above, you don't deserve or belong in the crypto trading business.

If your asking them to stay away from trading then;

How do they learn?
How do they get the experiences needed to be better traders.

These you can only archive by studying and testing out what you’ve learned on trades. Where it gets different is that, you don’t have to go live on your trades, you can trade on the demo provisions of some exchanges. Those will serve you more than completely backing out. You should only back out when you’ve tried and it’s never helping you.

As oppose to live trades, try the demo.
The only difference between them both is that, you don’t get to master your emotions on the demo trades but, it would serve some purpose in developing a strategy.

Should you be satisfied that trashing isn’t an option for you and you can’t handle it’s stings, then you can stick to holding. Holding is relative safe but, you’ve got to have a lot of patience to hold successfully.

Theory + real experience would really be the key on making yourself that knowledgeable because reading up wont really be completely making you that we can call to be that knowledgeable not unless you would really be able to experience the market for yourself.Trading isnt really for everyone but we know that you cant really be able to make yourself that able to find out unless you do try.
Dealing with a market which is really that totally unpredictable and random then it would really be that hard. Trading is something that we do know that we can really have the opportunity on making
money but of course it wont really be that so easy on doing so and it does really takes time and tons of effort for you to have that kind of grasps towards the market.

Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.
Also how easy is crypto investing? You can't buy good coins at a dip! So you need to have sure skills to take every step that is profitable.
Moreover you need to be a sufficient time holder to profit in bull markets. In the bull market almost all tokens increase in price, but especially top coins increase in price, so if you hold on to good projects you will get profits.

Well knowledge is really important into trading, but if you all have the knowledge you've gather like in the internet or the book, but you can't even start trading and implement your learnings then it would just a waste. Cause one factor that are important in trading is also the experience, if you already have the experience of course some are losses and some are profits, cause by that you could build up your skills and techniques in trading. And I would also like to add in this "Learn trading with advice from experienced people." It's good to surrounds yourself with knowledgeable into trading, but never rely on the other people your funds by waiting for their signals. Maybe updates, news and trends would do.

If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and  Learn trading with advice from experienced people.

Your knowledge is your key and with continuous seek for more adds up the chance of making it more successful. It's not something that
you can just rely on luck or something that you can make a shortcut.

Not for everyone, as there are many things that you should take into consideration to make sure that you are in line with the business that you take.

Dealing with decision making is something you need to work and improve to have a better chance of making decent benefits from this investment/business.

Indeed, trading is high risk if we have lack of knowledge and experience. But if we have sufficient knowledge and experience, we know how to deal with the risks. So, we won't be afraid to trade anymore. Anyway, we are not a must to do daily trade, there are many other types of trading. There are scalping, swing trading, range trading, position trading, and intraday trading. So, we actually have many options for trading styles/types, we can choose other type if day trading seems quite difficult.

Maybe trading has a higher risk but it doesn't mean investing has no risk. Both trading and investing have their own risks. Whatever we do, we can't avoid the risks but we must deal with the risks. If someone is too afraid of the risks, he/she is better to stay away from trading. Trading doesn't fit with the people who don't have the courage to the risks.